NeighborWorks America, in acknowledging National Consumer Protection Week March 6-12, offers six tips to empower renters to protect themselves and make informed decisions. According to what marketwired tells MHProNews: You should avoid rental scams that require you to wire money or pay a security deposit before you have signed a …
National non-profit Suggests Manufactured Housing as an Option to Renting Read More
American Homes 4 Rent, the “largest publicly traded single-family rental company,” has become larger as the result of its merger with American Residential Properties (ARP), a deal valued at $1.3 billion, and now owns 47,000 homes in 22 states, according to housingwire. Already on a fast track, from 2012 to …
Astounding Growth for Single-family Home Rental Company Read More
Compared to a year ago January, CoreLogic tells MHProNews home prices rose 6.9 percent as reported by nationalmortgagenews. January 2015 home prices rose 1.3 percent over the previous month. Both percentages account for distressed sales, which include short sales and real estate owned transactions. Washington and Colorado had the highest …
Attributing the drop to tight housing inventories, which is limiting choices and increasing prices, the National Association of Realtors (NAR) says its pending home sales index fell 2.5 percent in Jan. to 106.0, the lowest level since Jan. 2014, as yahoofinance tells MHProNews. In percentages by region, only the South …
What’s New in public focused Manufactured HomeLivingNews.com Discovering a 9 out of 10 “Mobile Home Park” Lifestyle What’s New in Manufactured Housing Industry Professional News MHC development on Pacific coast may wash out, while Hillcrest MHC in New Hampshire gets nod for expansion. UK modular plant to hire 400-500, modulars …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 21-Feb. 28, 2016 Read More
Warren Buffett, in his annual letter to stockholders, said the economy is doing much better than some politicians running for the White House say in their campaign talk. According to NPR, he said children born today will have a very good life, despite the slow recovery from the Great Recession. …
The manufactured home community (MHC) in Hewitt, Texas was established in 1970, and about ten years later ordinances were approved to govern the community, but now need to be updated. Specifically, the city’s community development director, Terry Lankford, wants to make them more accommodating to residents. Dealing with lot sizes …
Older MHC Requires New Ordinance to Accommodate Larger Homes Read More
A 32.1 percent drop in new home sales in the West led total new home sales across the nation to drop 9.2 percent last month to a seasonally adjusted annual rate (SAAR) of 494,000, less than the 501,000 in Jan. 2015, reports oregonlive. “With inventory still very tight, prices will …
According to an affordable housing advocacy group, nationalmortgagenews informs MHProNews, low-to moderate-income consumers and minorities face a rocky road when it comes to buying a home in New York. The Association for Neighborhood & Housing Development (ANHD) said these groups have a hard time finding credit to purchase a home, …
Demographics of New York not Reflected in Home Purchase Loans Read More
The S&P/Case-Shiller index of home prices in 20 U. S. cities rose 5.7 percent from Dec. 2014, while nationally prices increased 5.4 percent year-over-year, according to bloomberg. While gains in payrolls and low jobless claims may be making home buying more attractive, continuing low-interest rates and more affordable properties for …
Stabilizing Home Prices could make Home-buying More Feasible for First-time Buyers Read More
The greater Vancouver, British Columbia, Canada city includes Langley which has a 35 year-old manufactured home on 2.5 acres that sold last month for $1.15 million and has been listed again for $1.8 million, according to what theprovince tells MHProNews. The three-bedroom, two-bath home is located near a school and …
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds, …
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
Updating a story MHProNews posted July 21, 2014 about Wyoming Homes owner David Valenti being sued by the Pennsylvania AG for not delivering manufactured and modular homes for which he was paid, and not fulfilling contacts, timesleader reports he pleaded guilty in Luzerne County Court to 19 counts of theft. …
According to what housingwire tells MHProNews, Fitch Ratings reports that, after four years into the housing recovery, the shortage of inventory continues to plague the market, unlike past recoveries, which reduces housing options. Fitch says this is true of existing homes as well as new homes. The National Association of …
Fitch Ratings Predicts Homes for Sale Inventory to Change Little in 2016 Read More
While the foreign buyers entering the U. S. real estate market has been a boon to enterprising sellers, it has lead to an increase in home prices, which contributes to pricing housing out of the reach of middle class buyers, according to what mpamag tells MHProNews. Moreover, investments made by …
What’s New in public focused Manufactured HomeLivingNews.com Noise and Smoke vs. Facts About Manufactured Homes and Lending What’s New in Manufactured Housing Industry Professional News Tucson MHC to be developed. Utilities now metered at MHC homes. Plans approved for MHC expansion. Patrick posts strong financials for quarter, year. MHC residents …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016 Read More
The Housing Opportunity Index (HOI) report released by the National Association of Home Builders (NAHB) and Wells Fargo reveals U. S. housing affordability rose in the final quarter of 2015. Reflecting both new and existing homes sold during the quarter, 63.3 percent of them were considered affordable to families making …
MHProNews has learned from investors that single-family housing starts dropped -3.9 percent in January to a seasonally adjusted annual rate (SAAR) of 731,000, but up +3.5 percent from last January. Multi-family starts dropped -2.5 percent on the month but slipped -3.8 percent for the year. Despite housing starts being down, …
Housing Starts, Home Builder Confidence Fall; Building Permits, Mortgage Apps Rise Read More
Following a topic we last covered Nov. 5, 2015 regarding the numbing effect of mandated sprinkler systems on home building in Maryland, lawmakers held a hearing to determine if counties can opt out of a new state law requiring all new homes, including manufactured homes (MH), to have sprinkler systems. …
Maryland Counties want to Opt out of Mandated Sprinkler Read More
Millions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate …
Cutting through Media Fog for Manufactured Home Owners and Pros Read More
